During her address at Columbia University, Indian Finance Minister Nirmala Sitharaman emphasized India’s commitment to fiscal discipline and its successful management of inflation. She highlighted the country’s economic resilience amid global challenges, including the COVID-19 pandemic and geopolitical tensions that have affected supply chains worldwide.
Source:- bbc news
Sitharaman pointed out that India has implemented strategic measures to keep inflation in check while ensuring sustainable economic growth. She noted that the government’s proactive approach, including targeted subsidies and monetary policy adjustments, has helped mitigate the impact of rising prices on the populace. As a result, India’s inflation rates have remained relatively stable compared to many other countries facing significant economic headwinds.
Source:- news 18
The Finance Minister also discussed the importance of fiscal discipline in maintaining investor confidence and promoting economic stability. She outlined the government’s efforts to reduce the fiscal deficit and enhance transparency in financial management. By adhering to a prudent fiscal policy, India aims to create a favorable environment for both domestic and foreign investments, fostering long-term growth.
Sitharaman praised India’s robust recovery trajectory, citing impressive GDP growth rates and increasing foreign direct investment (FDI) inflows. She asserted that these achievements reflect the effectiveness of the government’s economic policies and the resilience of the Indian economy.
Furthermore, the Finance Minister underscored the significance of inclusive growth, emphasizing the government’s focus on empowering marginalized communities and ensuring equitable access to resources. By prioritizing social welfare and development initiatives, India aims to create a more inclusive economy that benefits all citizens.
In conclusion, Sitharaman’s address at Columbia University highlighted India’s fiscal prudence and commitment to controlling inflation, showcasing the country’s efforts to maintain economic stability and foster sustainable growth in a challenging global landscape.
Share your views in the comments
